Principles of the World Trade Organization
Grants trading partners "most favored
nation" status
• Lowers trade barriers through negotiations
Discourages unfair trade practices and
encourages competition
Creates trade opportunities for less-
developed countries
How have these principles most affected U.S.
markets?
By
By
By causing
By making discouragi
stimulating
shortages
business
transactio
ng
coordinati
consumer
of
demand
essential
ns costlier.
on among
producers.
for
materials.
products.